Mergers and acquisitions follow a predetermined flow that can be summarized, as follows: 1- LoI (Letter of Intent) or MoU (Memorandum of Understanding) that delimits the initial negotiations, being able to define value; 2- NDA (Non Disclouse Agreement) that protects sensitive information and fixes fines; 3- Due Diligence (Auditing) that identifies risks and confirms data; 4- SPA (Share Purchase Agreement) or QPA (Quota Purchase Agreement) or SHA (Shareholder’s Agreement) that regulates the main aspects of the corporate relationship; 5- Closing: closing the deal with payment and transfer of shares. There may be a waiting time between signing and closing called…Read more